The leading mobility giant Ola announced a major decision of hiring 2 new CFO’s to expand their feet in this competitive business environment.
- GR Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric
- Swayam Saurabh has come in as CFO for Ola’s Mobility, Financial Services, and Foods businesses.
Bhavish Aggarwal the CEO and chairman of OLA groups mentioned that “Arun and Swayam possess deep financial expertise across large and complex global organizations and from multiple industries including minerals, construction and Fast-moving consumer goods (FMCG) amongst others.
He said that he is eagerly waiting and looking forward to work hand in hand with both of them to reach enormous growth ambitions while maximizing capital efficiency.
Experience details of Mr. Arun say that he has two decades of experience in finance and strategy, including managing business growth and turnaround, large scale debt and equity capital market benchmark transactions, governance and reporting, and compliance by working with corporate multinationals including Vedanta Resources, GE and Hindustan Unilever.
His experience in leading large-scale supply chain teams, delivering sales and supplier returns, managing large third-party manufacturing, and greenfield manufacturing projects attracted OLA and now he is a part of the OLA leadership team.
Coming to the experience of Swayam Saurabh he has over two decades of varied experience in a cross-section of roles including internal audit, risk management, business, and operational process improvements and financial reporting, with leading giants including Hindustan Zinc, Philips, Asian Paints, and Larsen & Toubro.
Arun Kumar, said, “I am elated to have the opportunity to be associated with the game-changing vision of Bhavish and the Ola group to transform the urban mobility space by driving the acceleration to electric vehicles, as well as to expand the footprint of all its consumer internet businesses globally. I look forward to partnering with Bhavish to build strong and profitable business models, drive efficiency in capital structure and businesses, unlock value and continue to build a best in class finance organization”.
In Swayam Saurabh’s words, “Ola is uniquely positioned to make a significant impact in an under-penetrated consumer internet space and I find it super exciting to have the opportunity to be part of the team that will help fuel its next phase of profitable growth. While our primary focus remains creating and delivering rapid growth opportunities, I am also looking forward to creating a strong culture of margin-mindset with world-class governance and processes.”